WPG (TWSE:3702) Attend Online Investor Conference Held by KGI SECURITIES Today

2026/03/13

WPG reported fourth quarter 2025 revenue of NT$255.356 billion, representing a 4.5% quarter-over-quarter increase and a 10.3% year-over-year increase. Operating income reached NT$5.43 billion, up 40.4% year over year. Net income totaled NT$2.843 billion, a 75.2% increase year over year, with EPS of NT$1.7.

2025 revenue reached NT$999.111 billion, representing 13.5% growth compared with 2024. Operating income totaled NT$19.971 billion, an increase of 35.9% year over year. Net income was NT$10.105 billion, up 39.5% year over year, with EPS of NT$5.77.

In the fourth quarter of 2025, return on equity (ROE) and return on working capital (ROWC) were 13.7% and 11.5%, respectively.

The strong fourth quarter and full year performance was primarily driven by the rapid development of generative AI, which has boosted demand for AI infrastructure and end-user applications. This trend has accelerated procurement of both AI and traditional servers, power supplies, networking, and related electronic components, keeping overall shipments robust. In addition, the continued growth of service businesses (such as logistics/warehousing and ICT) further supported the results, leading to double-digit year-over-year growth in both quarterly and full-year profitability.

Semiconductor Component Smart Warehousing Business, LaaS Ltd. (LaaS) delivered outstanding results in 2025. Driven by a 29.4% year-over-year increase in Gross Merchandise Value (GMV) to US$32.836 billion, service fee revenue grew significantly, with the penetration rate rising to 3.9%, demonstrating the strong growth momentum and significant potential of LaaS.

For 2026 First quarter, based on an exchange rate assumption of NT$31.5 to the U.S. dollar, WPG forecasts revenue of NT$255 billion to NT$275 billion, gross margin of 4.15% to 4.35%, operating margin of 2.36% to 2.52%, net income of NT$3.616 billion to NT$4.201 billion, EPS of NT$2.15 to NT$2.5.

Driven by the rapid development of generative AI, edge computing, and cloud services, application solutions in traditional and AI server, power, automotive and IoT related field continue to increase, laying a solid foundation for revenue growth. To provide better value-added service and increase market share, 29 application solutions were provided to our customers, including fields in Power (11), Automotive (5), Smart Home (3), Smart City (3), Computer(3), AIoT (2), Consumer (1), Industrial (1) , focusing on Synchronous buck converter MOSFET for charger power supply in consumer electronics, 2 kW ultrasonic equipment power supply PFC boost power board, Applied in USB PD 3.1 Type-C 140W adapter design, 15W primary-side regulated auxiliary power supply, High-voltage switch device for 12V/12W auxiliary power supply, 24V/65W high-efficiency isolated QR flyback power supply, 10K-pixel lighting system, Automotive lighting with automotive-grade LED driver, 10BASE-T1S Ethernet video streaming 10K-pixel projection headlamp, 1.2 MP smart iToF 1/3.2-inch global shutter depth sensor, Low-power Wi-Fi 6 smart door lock supporting the Matter protocol, Drone applications extended from LoRa technology, 30W dual-channel digital audio amplifier, 2K IoT IP Camera Sensor.

 Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended December 31, 2025 (In brief)

Units：NT$million

IR contacts：Cliff Yuan/ Zoe Peng

Tel：886-2-2191-0068 ext.85268/ext.85262

Email address:  ir@WPGholdings.com

Corporate website:  www.WPGholdings.com